Canoo Inc (NASDAQ:GOEV) has a beta value of 1.27 and has seen 2.37 million shares traded in the last trading session. The company, currently valued at $83.59M, closed the last trade at $0.96 per share which meant it gained $0.03 on the day or 3.96% during that session. The GOEV stock price is -868.75% off its 52-week high price of $9.30 and 8.33% above the 52-week low of $0.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.7 million shares traded. The 3-month trading volume is 3.13 million shares.
The consensus among analysts is that Canoo Inc (GOEV) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.78.
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Canoo Inc (NASDAQ:GOEV) trade information
Sporting 3.96% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GOEV stock price touched $0.96 or saw a rise of 3.88%. Year-to-date, Canoo Inc shares have moved -83.72%, while the 5-day performance has seen it change -2.47%. Over the past 30 days, the shares of Canoo Inc (NASDAQ:GOEV) have changed -22.32%. Short interest in the company has seen 11.51 million shares shorted with days to cover at 3.01.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 68.0% from current levels. The projected low price target is $1.5 while the price target rests at a high of $4.5. In that case, then, we find that the current price level is -368.75% off the targeted high while a plunge would see the stock gain -56.25% from current levels.
Canoo Inc (GOEV) estimates and forecasts
Figures show that Canoo Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -59.87% over the past 6 months, with this year growth rate of 61.77%, compared to -3.90% for the industry. Revenue growth from the last financial year stood is estimated to be 2,939.50%.
4 analysts offering their estimates for the company have set an average revenue estimate of 2.11M for the current quarter. 3 have an estimated revenue figure of 23.87M for the next ending quarter. Year-ago sales stood 519k and 367k respectively for this quarter and the next, and analysts expect sales will grow by 306.60% for the current quarter and 2,939.50% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -482.58% over the past 5 years.
GOEV Dividends
Canoo Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Canoo Inc (NASDAQ:GOEV)’s Major holders
Insiders own 4.45% of the company shares, while shares held by institutions stand at 23.55% with a share float percentage of 24.65%. Investors are also buoyed by the number of investors in a company, with Canoo Inc having a total of 137.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund . As of Aug 31, 2024 , the former fund manager holds about 1.81% shares in the company for having 1.55 shares of worth $1.5 million while later fund manager owns 1.23 shares of worth $1.18 million as of Jun 30, 2024 , which makes it owner of about 1.43% of company’s outstanding stock.
